TOLEDO, Ohio —
Lucas County commissioners are hoping that putting more money into a downtown hotel project now will pay off in the future.
Commissioners approved a total of $1.5 million from the county's general fund to be set aside for the Hilton Garden Inn at the corner of Monroe and Summit streets. The commissioners agreed to put $500,000 toward helping boost the hotel's cash reserves, and the other $1 million is to be set aside for any future projects or needs the hotel may have.
The county became a partial owner of the Hilton Garden Inn back in 2020, after investing $37.5 million to help renovate the former Park Inn Hotel. The county owns 20% of the project, while the majority owners are Continental Development Ventures and First Hospitality Group.
"This is ensuring our investm